Dollar Loses Early Gains
Against the Yen and Euro

NEW YORK -- The dollar dropped to its session low against the euro and near its low against the yen Friday, despite early gains against the yen after the Bank of Japan cut interest rates.

Late afternoon in New York, the dollar was trading at 114.05 yen, down from 114.55 yen late Thursday in New York. The euro was trading at $1.1300, up from $1.1231 late Thursday. The British pound was trading at $1.6335, up from $1.6228 late...